SBI 5-year FD vs Senior Citizen Savings Scheme: Which will give higher return on Rs 15 lakh investment for 5 years
SBI 5-Year FD vs SCSS: A Rs 15 Lakh investment over 5 years presents two popular options—SBI Fixed Deposit (FD) and Senior Citizen Savings Scheme (SCSS). SBI FDs offer interest rates up to 7.50% for senior citizens, while SCSS provides government-backed security with quarterly interest payouts. SCSS typically delivers higher returns, making it a top choice for retirees. However, SBI FDs offer more flexibility with loans against deposits and auto-renewal options. Know which one is more suitable for you.
SBI 5-Year FD vs SCSS: When comparing SBI’s 5-year Fixed Deposit (FD) and the Senior Citizen Savings Scheme (SCSS) for a Rs 15 lakh investment, understanding their returns and features is essential. SBI FDs offer up to 7.50% interest for senior citizens, with flexible features like loans against deposits. SCSS offers higher returns with quarterly interest payouts, providing a reliable income stream. This article breaks down the returns and benefits of both options, helping you decide the best investment choice for your financial goals.
SBI 5-Year FD: Key Features & Benefits
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Additional Features:
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Return on Rs 15 Lakh Investment for 5 Years:
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Senior Citizen Savings Scheme (SCSS): Key Features & Benefits
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Minimum & Maximum Deposit:
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Premature Withdrawal:
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